Name what you would do to turn the economy around

[Riot]

Serious - short and succinct, name the top 3 - 5 things you think must be done within the next two years, in order to turn the economy around.

1) Let Bush tax cuts expire for all making $100,000 and over

2) Job creation: I'd focus on health care, fastest growing industry in the country, 1/5 of our national economy, employs across all income factors and skill levels (from unskilled maintenance to administrative to CEO to professionals) with huge spillover into manufacturing sector (drugs, tech, supplies, manufacturing, paper, computers, etc) How to do it? I would expand health care availability to everyone - yes, single payer for all, via Medicare buy in - then provide targeted sector corporate tax incentives to enable the growth.

3) still thinking

arrest and prosecute 1000's of bankers and sentence them to death.

End all of the FTA's

arrest and prosecute all US individuals who have attended Bilderberger for treason.

Bring the steel industry back.

Open up all drilling for oil and natural gas.

Get the regulators and bureaucrats out of our lives and use the courts for the worst offenders...like it's supposed to be.

Revoke Riot's citizenship and give her a one-way ticket to London.

[randallscott35]

What makes you think it can be fixed?

[joeydb]

1) Limit the borrowing once and for all: Cap borrowing to $15 trillion, period, end of story. If we can't get it together before that expires, the dollar is done. No extensions, no re-engineering. That's it.

2) Tax reform as one item, some components here: Flat tax - no deductions for anyone. Social Security has no ceiling on confiscation.

3) End the Ponzi schemes: Cap and taper down social programs that are the main source of debt: Repeal obamacare, phase out social security, cap medicare.

The party is over. That is the three elements we need - stone wall prevention of more debt, end the largesse of social spending, and reform the tax code to something extremely simple to implement that has no brackets. Then there will be no penalty for making more money, which is good for the economy, the debt will be limited and will actually decrease as we spend less on the programs which are unsustainable.

[Danzig]

real banking reform for one. the tightening of credit has been a huge hamper on the economy. the banks got scalded, now they've gone too far in the other direction. quit trying to encourage debt for everyone, but a 180 degree change isn't any better.
the tax shelters/breaks should be for those rich who invest in new businesses, growth, jobs, etc. tax the crap out of those who don't use their wealth to grow the economy. same for dividends. the point of a business should be growth, not paying out huge amounts to shareholders. reward your shareholders-but not at the expense of the working class. tax breaks for businesses who hire-they should be rewarded with lowered ss matching payments if they reach a certain number of employees, breaks for healthcare, etc. anything to encourage more hiring. many companies find that it's cheaper for them to work tons of overtime with the few they have than it is to hire more employees.

one drag on the economy is the huge deficit. spending cuts must be found and done. ss is in real trouble-the lowering of ss witholding is a joke. get us out of the three wars NOW. defense must be cut. we could cut defense in half and still spend 1/4 of the worlds military spending. we must attack medicare/medicaid/social security. that and defense are the two huge budget issues, it's where most of the fed dollars are spent, and our spending is unsustainable.

[Antitrust32]

Originally Posted by Danzig

real banking reform for one. the tightening of credit has been a huge hamper on the economy. the banks got scalded, now they've gone too far in the other direction. quit trying to encourage debt for everyone, but a 180 degree change isn't any better.
the tax shelters/breaks should be for those rich who invest in new businesses, growth, jobs, etc. tax the crap out of those who don't use their wealth to grow the economy. same for dividends. the point of a business should be growth, not paying out huge amounts to shareholders. reward your shareholders-but not at the expense of the working class. tax breaks for businesses who hire-they should be rewarded with lowered ss matching payments if they reach a certain number of employees, breaks for healthcare, etc. anything to encourage more hiring. many companies find that it's cheaper for them to work tons of overtime with the few they have than it is to hire more employees.

one drag on the economy is the huge deficit. spending cuts must be found and done. ss is in real trouble-the lowering of ss witholding is a joke. get us out of the three wars NOW. defense must be cut. we could cut defense in half and still spend 1/4 of the worlds military spending. we must attack medicare/medicaid/social security. that and defense are the two huge budget issues, it's where most of the fed dollars are spent, and our spending is unsustainable.

voting for Zig also!

[jms62]

Originally Posted by joeydb

Security has no ceiling on confiscation.

3) End the Ponzi schemes: Cap and taper down social programs that are the main source of debt: Repeal obamacare, phase out social security, cap medicare.

Joey.. You are so typical of the myopic thinking solely along party rhetoric. You are exactly what this system is looking for. Keep the constituents battling and blaming one another while BOTH PARTIES rape the masses. Wake up and stop being a pawn.

http://www.cbsnews.com/stories/2010/...n6302588.shtml


(AP) The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits - billions more each year.
Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes - nearly $29 billion more.

Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs - in the form of Treasury bonds - which are kept in a nondescript office building just down the street from Parkersburg's municipal offices.

Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come.

Social Security's shortfall will not affect current benefits. As long as the IOUs last, benefits will keep flowing. But experts say it is a warning sign that the program's finances are deteriorating. Social Security is projected to drain its trust funds by 2037 unless Congress acts, and there's concern that the looming crisis will lead to reduced benefits.

"This is not just a wake-up call, this is it. We're here," said Mary Johnson, a policy analyst with The Senior Citizens League, an advocacy group. "We are not going to be able to put it off any more."

For more than two decades, regardless of which political party was in power, Congress has been accused of raiding the Social Security trust funds to pay for other programs, masking the size of the budget deficit.

[joeydb]

Originally Posted by jms62

Joey.. You are so typical of the myopic thinking solely along party rhetoric. You are exactly what this system is looking for. Keep the constituents battling and blaming one another while BOTH PARTIES rape the masses. Wake up and stop being a pawn.

Uhh... I didn't say anything about parties in my 3 points. Social Security was a bad idea, has always been a bad idea, will never be anything but a Ponzi scheme, need I go on?

Yes, the raiding of the "trust fund" has accelerated its demise. Yes, both parties have done it and in neither case should it have been done. But it was doomed to failure the moment it was implemented, though it would not have failed yet.

Social Security sucks. You are forced into a "retirement" program that doesn't even give you the principal back, let alone any compounded interest, and then your already taxed "contributions" are taxed again.

Work on your reading comprehension next time before you blast off.

[Antitrust32]

Originally Posted by Coach Pants

arrest and prosecute 1000's of bankers and sentence them to death.

End all of the FTA's

arrest and prosecute all US individuals who have attended Bilderberger for treason.

Bring the steel industry back.

Open up all drilling for oil and natural gas.

Get the regulators and bureaucrats out of our lives and use the courts for the worst offenders...like it's supposed to be.

Revoke Riot's citizenship and give her a one-way ticket to London.

i'm voting for Coach. Especially bringing the steel industry back and open up drilling.